In 2008, some grocery was purchased but these could not be used that year. The invoice price
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In 2008, some grocery was purchased but these could not be used that year. The invoice price of this grocery was 10,000 and that 1000 was spent as freight and 1800 as godown rent. On 31st December 2008, the market value of the grocery was 10500. At what figure should the stock be valued? What will be your answer if the marker value was 12,000?
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Related Book For
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
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